Agency Information Collection Activities; Submission for OMB Review; Comment Request; Employee Retirement Income Security Act of 1974 Investment Manager Electronic Registration, 42020 [2019-17614]
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42020
Federal Register / Vol. 84, No. 159 / Friday, August 16, 2019 / Notices
(Jan. 25, 2007) (rescinded by 82 FR
24147); 82 FR 24147 (May 25, 2017).
[FR Doc. 2019–17364 Filed 8–15–19; 8:45 am]
BILLING CODE 4410–30–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Employee
Retirement Income Security Act of
1974 Investment Manager Electronic
Registration
Notice of availability; request
for comments.
ACTION:
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled,
‘‘Employee Retirement Income Security
Act of 1974 Investment Manager
Electronic Registration,’’ to the Office of
Management and Budget (OMB) for
review and approval for continued use,
without change, in accordance with the
Paperwork Reduction Act of 1995
(PRA). Public comments on the ICR are
invited.
DATES: The OMB will consider all
written comments that agency receives
on or before September 16, 2019.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained free of charge from the
RegInfo.gov website at https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201906-1210-008
(this link will only become active on the
day following publication of this notice)
or by contacting Frederick Licari by
telephone at 202–693–8073 TTY 202–
693–8064, (these are not toll-free
numbers) or by email at DOL_PRA_
PUBLIC@dol.gov.
Submit comments about this request
by mail to the Office of Information and
Regulatory Affairs, Attn: OMB Desk
Officer for DOL–EBSA, Office of
Management and Budget, Room 10235,
725 17th Street NW, Washington, DC
20503; by Fax: 202–395–5806 (this is
not a toll-free number); or by email:
OIRA_submission@omb.eop.gov.
Commenters are encouraged, but not
required, to send a courtesy copy of any
comments by mail or courier to the U.S.
Department of Labor-OASAM, Office of
the Chief Information Officer, Attn:
khammond on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:10 Aug 15, 2019
Jkt 247001
Departmental Information Compliance
Management Program, Room N1301,
200 Constitution Avenue NW,
Washington, DC 20210; or by email:
DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT:
Frederick Licari by telephone at 202–
693–8073, TTY 202–693–8064, (these
are not toll-free numbers) or by email at
DOL_PRA_PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: This ICR
seeks to extend PRA authority for the
Employee Retirement Income Security
Act of 1974 Investment Manager
Electronic Registration information
collection. The Department’s regulation
provides that, in order to meet the
definition of investment manager in
section 3(38) of the Employee
Retirement Income Security Act of 1974,
state-registered investment advisers
must register electronically through a
centralized electronic filing system
established by the SEC or a State
investment authority called the
Investment Adviser Registration
Depository (‘‘IARD’’), rather than
providing a paper copy of their state
registration to the Secretary of Labor.
Under section 402(c)(3) of the Employee
Retirement Income Security Act of 1974
(ERISA), if an ‘‘investment manager’’ (as
defined in section 3(38)) of ERISA
manages plan assets, the plan’s trustee
is relieved from certain fiduciary
obligations relating to the management
of the assets for which the investment
manager is responsible. ERISA section
3(38) authorizes this information
collection. See 29 U.S.C. 1002(38)(B).
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information that does not
display a valid Control Number. See 5
CFR 1320.5(a) and 1320.6. The DOL
obtains OMB approval for this
information collection under Control
Number 1210–0125.
OMB authorization for an ICR cannot
be for more than three (3) years without
renewal, and the current approval for
this collection is scheduled to expire on
August 31, 2019. The DOL seeks to
extend PRA authorization for this
information collection for three (3) more
years, without any change to existing
requirements. The DOL notes that
PO 00000
Frm 00065
Fmt 4703
Sfmt 4703
existing information collection
requirements submitted to the OMB
receive a month-to-month extension
while they undergo review. For
additional substantive information
about this ICR, see the related notice
published in the Federal Register on
March 27, 2019 (84 FR 11573).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within thirty (30) days of
publication of this notice in the Federal
Register. In order to help ensure
appropriate consideration, comments
should mention OMB Control Number
1210–0125. The OMB is particularly
interested in comments that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: DOL–EBSA.
Title of Collection: Employee
Retirement Income Security Act of 1974
Investment Manager Electronic
Registration.
OMB Control Number: 1210–0125.
Affected Public: Private Sector. Notfor-profit institutions, businesses or
other for-profits.
Total Estimated Number of
Respondents: 4.
Total Estimated Number of
Responses: 4.
Total Estimated Annual Time Burden:
4 hours.
Total Estimated Annual Other Costs
Burden: $270.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: August 12, 2019.
Frederick Licari,
Departmental Clearance Officer.
[FR Doc. 2019–17614 Filed 8–15–19; 8:45 am]
BILLING CODE 4510–29–P
E:\FR\FM\16AUN1.SGM
16AUN1
]]>Agencies
[Federal Register Volume 84, Number 159 (Friday, August 16, 2019)]
[Notices]
[Page 42020]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17614]
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DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Employee Retirement Income Security Act of
1974 Investment Manager Electronic Registration
ACTION: Notice of availability; request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration (EBSA) sponsored information
collection request (ICR) titled, ``Employee Retirement Income Security
Act of 1974 Investment Manager Electronic Registration,'' to the Office
of Management and Budget (OMB) for review and approval for continued
use, without change, in accordance with the Paperwork Reduction Act of
1995 (PRA). Public comments on the ICR are invited.
DATES: The OMB will consider all written comments that agency receives
on or before September 16, 2019.
ADDRESSES: A copy of this ICR with applicable supporting documentation;
including a description of the likely respondents, proposed frequency
of response, and estimated total burden may be obtained free of charge
from the RegInfo.gov website at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201906-1210-008 (this link will only become active
on the day following publication of this notice) or by contacting
Frederick Licari by telephone at 202-693-8073 TTY 202-693-8064, (these
are not toll-free numbers) or by email at [email protected].
Submit comments about this request by mail to the Office of
Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL-
EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW,
Washington, DC 20503; by Fax: 202-395-5806 (this is not a toll-free
number); or by email: [email protected]. Commenters are
encouraged, but not required, to send a courtesy copy of any comments
by mail or courier to the U.S. Department of Labor-OASAM, Office of the
Chief Information Officer, Attn: Departmental Information Compliance
Management Program, Room N1301, 200 Constitution Avenue NW, Washington,
DC 20210; or by email: [email protected].
FOR FURTHER INFORMATION CONTACT: Frederick Licari by telephone at 202-
693-8073, TTY 202-693-8064, (these are not toll-free numbers) or by
email at [email protected].
SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for
the Employee Retirement Income Security Act of 1974 Investment Manager
Electronic Registration information collection. The Department's
regulation provides that, in order to meet the definition of investment
manager in section 3(38) of the Employee Retirement Income Security Act
of 1974, state-registered investment advisers must register
electronically through a centralized electronic filing system
established by the SEC or a State investment authority called the
Investment Adviser Registration Depository (``IARD''), rather than
providing a paper copy of their state registration to the Secretary of
Labor. Under section 402(c)(3) of the Employee Retirement Income
Security Act of 1974 (ERISA), if an ``investment manager'' (as defined
in section 3(38)) of ERISA manages plan assets, the plan's trustee is
relieved from certain fiduciary obligations relating to the management
of the assets for which the investment manager is responsible. ERISA
section 3(38) authorizes this information collection. See 29 U.S.C.
1002(38)(B).
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless it is approved by the OMB under the PRA and displays
a currently valid OMB Control Number. In addition, notwithstanding any
other provisions of law, no person shall generally be subject to
penalty for failing to comply with a collection of information that
does not display a valid Control Number. See 5 CFR 1320.5(a) and
1320.6. The DOL obtains OMB approval for this information collection
under Control Number 1210-0125.
OMB authorization for an ICR cannot be for more than three (3)
years without renewal, and the current approval for this collection is
scheduled to expire on August 31, 2019. The DOL seeks to extend PRA
authorization for this information collection for three (3) more years,
without any change to existing requirements. The DOL notes that
existing information collection requirements submitted to the OMB
receive a month-to-month extension while they undergo review. For
additional substantive information about this ICR, see the related
notice published in the Federal Register on March 27, 2019 (84 FR
11573).
Interested parties are encouraged to send comments to the OMB,
Office of Information and Regulatory Affairs at the address shown in
the ADDRESSES section within thirty (30) days of publication of this
notice in the Federal Register. In order to help ensure appropriate
consideration, comments should mention OMB Control Number 1210-0125.
The OMB is particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including through the use of appropriate
automated, electronic, mechanical, or other technological collection
techniques or other forms of information technology, e.g., permitting
electronic submission of responses.
Agency: DOL-EBSA.
Title of Collection: Employee Retirement Income Security Act of
1974 Investment Manager Electronic Registration.
OMB Control Number: 1210-0125.
Affected Public: Private Sector. Not-for-profit institutions,
businesses or other for-profits.
Total Estimated Number of Respondents: 4.
Total Estimated Number of Responses: 4.
Total Estimated Annual Time Burden: 4 hours.
Total Estimated Annual Other Costs Burden: $270.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: August 12, 2019.
Frederick Licari,
Departmental Clearance Officer.
[FR Doc. 2019-17614 Filed 8-15-19; 8:45 am]
BILLING CODE 4510-29-P
